Metric Credit Partners (MCP) has experienced immense support from investors, including SMSFs, with its Master Income Trust initial public offering, which closed yesterday, raising more than $500 million.

The number of trustees that are likely to leave their SMSF has doubled from last year, a recent industry report has found.

The date for a Federal Court hearing to determine if the DomaCom fractional property offering represents one trust only has been set, with the matter to be decided on in late November.

Class has announced Christopher Cuffe for election to its board as an independent non-executive director.